EXECUTIVE EDUCATION | Basics of Accounting: Finance for Non-Financial Managers
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From recording the dollar impact of business decisions to the preparation of the resulting financial reports, gain an understanding of the accounting process. Come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of business. Become familiar with common accounting concepts and buzzwords used by accounting insiders, while also developing a baseline of financial understanding to clear up any confusion.
Basics of Accounting: Finance for Non-Financial Managers Includes:
- The opportunity to work online, in real-time, alongside a Bloch instructor and your peers
- Course materials and recordings
- Certificate of participation
What You Will Learn
In this workshop you will gain an understanding of the accounting process, from recording the dollar impact of business decisions to the preparation of the resulting financial reports. You will come away with the ability to converse with the finance people intelligently and grasp the all-important numbers side of business. This workshop will help you become familiar with common accounting concepts and buzzwords used by accounting insiders. You’ll develop a baseline of financial understanding and clear up any confusion between different kinds of financial statements and identify their purpose and relation to each other.
- The accounting equation and the relationship among its components
- The basic accounting principles
- The accounting process: journals and ledgers
- How debits and credits work
- How various business transactions affect financial statements
- Cash accounting versus accrual basis accounting
- The difference between accounting profit and cash flow
- Retained Earnings: the bridge between the Income Statement and the Balance Sheet
- Applying accounting conventions and guidelines
- The purpose of and terminology associated with the key financial statements: Income Statement or Profit and Loss Statement (P&L), Balance Sheet, Statement of Retained Earnings, and Cash Flow Statement
Who Should Attend
This program is designed for both new managers of all backgrounds and established managers with non-finance backgrounds in every functional area of responsibility and in all industries.
About the Instructor
William Kay is an instructor for Bloch Executive Education, and owner of W. Kay & Associates, dedicated to helping organizations and individuals enhance their competitiveness, productivity, and technological performance. For the past 24 years, Bill has specialized in assisting businesses in the quest to improve performance in the areas of strategic planning, finance and accounting, project management, marketing, sales and sales management, and team building following the accelerated learning model for adult learning. Bill’s professional experience includes over 20 years as CEO and owner of a major manufacturing company and the past 24 years helping major Fortune 500 companies and universities with organizational development and training. Bill holds an M.B.A. in Finance and Marketing from the University of Missouri, Columbia, and a B.S. in Business Administration from the University of Arizona, Tucson.
For more information: https://bloch.umkc.edu/programs/basic-accounting/